USDJPY – Last Chance to Rise?

13.01.2022

Time after time the market crosses out the scenarios put forward earlier. During the last trading day, the quotes fell even lower, clearly speaking about a different wave pattern, and not a continuation of the previous one.

An upward scenario is only possible for consideration based on the presence of an expanding diagonal triangle. In this case, the growth is expected to continue in the 5th wave soon, the strength of which may be enough only for the maximum of wave 3.

In any case, there are chances for the continuation of the upward wave pattern.

Recommendations: Buy from 114.65, SL 114.40, TP 116.50.